I don't trade crypto but since its pumping and everyone talking about it thought to share my analysis
BTC near weekly supply and channel top
Can retrace from here
Can take long entry after break and retest of the resistance area, BTC gave a up move came back to retest FIB 0.618 level and could not break it it downwards.
Many people and retail investors are very bullish in btc but they don't look up a history data . Historical data is btc rech bull rallly 0.5 .68 fib zone then started a crash avarage crash every bear market is 50 % but we have two strong support first is 30000$ and second 25000$ High probability of chance is btc toch again 30k and 40% chance is btc can toch 25k$...
If these levels doesn't sustain 43310 and 42228 (14th Dec) then possibly we could dump to below levels .
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Mostly people and many retail investors are bullish past 2 and 3 month but but you need to worry about that the whats historical data is . Every btc bear market create a bottom and then started a little bit pump price reache bullrun fib 0.68 golden zone unfortunately supply zone and and 2021 bull market fib golden zone is 48000$ .as per the every bull market...
Many retail investors are most bullish in past two three months but if we back test a history data of btc does before 45 to 50 % crash . 2024 halving date April we all know but whales couldn't do massive pump like +70k$ .ass per the history if we talk in about every bear market create bear market bottom then make a bull market 0.5 to.068 golden zone then started a...
-BTC ON ITS WAY TO $30k🚀
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On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Bitcoin after having massive rally & has reached target as expected on my previous post, moving on to the current formation has forming ascending channel to make a movement to the downside.
